just one more question-What are the different sector specific mutual funds in India by HDFC and Reliance?

A couple of reliance sector specific mutual funds are Reliance Pharma Fund (An Open-ended Pharma Sector Scheme): The primary investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity related securities or fixed income securities of Pharma and other associated companies and Reliance Diversified Power Sector Fund (An Open-ended Power Sector Scheme)while HDFC has some good technology sector specific mutual funds!

lakhvinder wrote:Please suggestions about any good small cap and mid cap mutual funds from mutual fund companies especially from Birla and Franklin?

There is one called Reliance Long Term Equity for small and mid cap companies. The fund defines the small and mid cap stocks as follows: any stock having market capitalisation below Rs. 250 crores as a small cap stock and any stock having market capitalisation between Rs 250 crore to Rs. 1500 crore as a mid cap stock.

Hi I didn't have heard about Reliance Sector Funds but I have saw in many Mutual Funds articles and blogs that DSP Blackrock is a 'CRISIL' award winning company for its Mutual Funds services. Mutual Funds investments gives better returns on your investment in less period of time.